iShares S&P 100 ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 20.8x P/Sales
ratio		 3.0x
P/BV
ratio		 3.8x Div.
yield		 2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 100 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. large-cap stocks, as represented by the Standard & Poor's 100 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 23, 2000
Assets (mns) $6,819
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $641,849
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.8 %
MICROSOFT CORP 8.5 %
AMAZON.COM INC 7.1 %
FACEBOOK 3.4 %
ALPHABET INC. CLASS A 2.4 %
ALPHABET INC. CLASS C 2.3 %
BERKSHIRE HATHAWAY INC-CL B 2.3 %
JOHNSON & JOHNSON 2.1 %
PROCTER & GAMBLE CO/THE 1.9 %
VISA INC-CLASS A SHARES 1.9 %
Total 41.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %
IRELAND 1.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.8% 28.9% 15.8% 15.5% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.97 99%
MSCI EAFE 0.97 82%
MSCI Emg. Mkts. 0.69 66%

Technical Indicators
Recent close $152.56
30d moving avg. $157.97
Annualized volatility 17.1%
Short interest (ETF) 0.8%
Short interest (Underlying) 1.5%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 265
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $11,799

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P 100 ETF ETF based on the alternatives' overlap in portfolio holdings with OEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OEF Expense: 20 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OEF
Ticker Fund
Name		 Overlap1
vs OEF
(%)		 Expense
ratio
(bp)		 Savings
vs OEF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs OEF
(%)
XLG Invesco S&P 500 Top 50 ETF 82.7 20 0 5.9 +0.0
IWL iShares Russell Top 200 ETF 78.6 15 5 5.8 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 78.5 0 20 6.0 +0.2
MGC Vanguard Mega Cap Index Fund 75.1 7 13 6.0 +0.1
SNPE Xtrackers S&P 500 ESG ETF 73.0 10 10 6.0 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 69.9 60 -40 5.4 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 69.3 27 -7 5.8 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 69.2 20 0 5.7 -0.2
IQSU IQ Candriam ESG US Equity ETF 68.0 9 11 6.2 +0.3
VOOG Vanguard S&P 500 Growth ETF 67.4 10 10 5.8 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 67.4 27 -7 5.8 -0.1
IVW iShares S&P 500 Growth ETF 66.9 18 2 5.7 -0.1
SPY SPDR S&P 500 ETF Trust 66.6 9 11 6.1 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 66.6 4 16 5.9 0.0
PBP Invesco S&P 500 BuyWrite ETF 66.5 49 -29 5.7 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 66.5 27 -7 6.1 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 66.5 60 -40 5.7 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 66.0 20 0 6.1 +0.2
SPLG SPDR Portfolio Large Cap ETF 66.0 3 17 6.1 +0.2
IUSG iShares Core S&P US Growth ETF 65.9 4 16 5.8 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 65.8 12 8 6.2 +0.4
HSPX Global X S&P 500 Covered Call ETF 65.7 60 -40 5.5 -0.3
IVV iShares Core S&P 500 ETF 65.5 3 17 6.1 +0.3
VOO VANGUARD S&P 500 ETF 65.5 3 17 6.1 +0.3
IWY iShares Russell Top 200 Growth ETF 64.2 20 0 6.1 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 64.1 7 13 6.0 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 64.0 32 -12 5.7 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 62.4 27 -7 5.6 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 62.3 25 -5 6.3 +0.4
PBUS Invesco PureBeta MSCI USA ETF 62.2 4 16 6.0 +0.1
IWF iShares Russell 1000 Growth ETF 62.1 19 1 5.6 -0.3
VV Vanguard Large-Cap Index Fund 61.9 4 16 5.9 +0.0
ESGV Vanguard ESG U.S. Stock ETF 61.7 12 8 5.9 +0.0
SCHX Schwab U.S. Large-Cap ETF 61.6 3 17 5.9 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 61.6 3 17 6.2 +0.3
VONG Vanguard Russell 1000 Growth Index Fund 61.6 8 12 5.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 61.3 8 12 7.2 +1.3
ESGU iShares MSCI USA ESG Optimized ETF 61.0 15 5 5.8 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 60.6 75 -55 5.7 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 59.9 12 8 5.1 -0.8
SCHK Schwab 1000 Index ETF 59.4 5 15 5.9 +0.0
IWB iShares Russell 1000 ETF 59.3 15 5 5.7 -0.1
IYY iShares Dow Jones U.S. ETF 59.1 20 0 5.8 -0.1
TMFC Motley Fool 100 Index ETF 58.4 50 -30 5.2 -0.7
VONE Vanguard Russell 1000 ETF 58.2 8 12 5.8 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 57.8 15 5 7.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 57.7 2 18 6.0 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 57.3 29 -9 5.9 +0.1
MGK Vanguard Mega Cap Growth ETF 57.3 7 13 6.2 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.0 49 -29 5.7 -0.2
VTHR Vanguard Russell 3000 Index Fund 56.9 10 10 5.7 -0.2
VUG Vanguard Growth Index Fund 56.7 4 16 5.6 -0.3
SCHB Schwab U.S. Broad Market ETF 56.6 3 17 5.8 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.5 3 17 5.8 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 56.4 28 -8 7.1 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 56.0 75 -55 5.1 -0.8
SFY SoFi Select 500 ETF 55.9 0 20 5.6 -0.3
IWV iShares Russell 3000 ETF 55.9 20 0 5.6 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 55.3 25 -5 7.3 +1.4
SPQQ Siren Large Cap Blend Index ETF 55.3 20 0 5.3 -0.6
SCHG Schwab U.S. Large-Cap Growth ETF 54.8 4 16 5.5 -0.3
IOO iShares Global 100 ETF 54.4 40 -20 6.1 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 53.8 15 5 6.2 +0.4
DTD WisdomTree U.S.Total Dividend Fund 53.7 28 -8 7.2 +1.4
VTI Vanguard Total Stock Market Index Fund 53.4 3 17 5.7 -0.2
FVAL Fidelity Value Factor ETF 53.3 29 -9 8.6 +2.7
RECS Columbia Research Enhanced Core ETF 53.3 15 5 6.6 +0.7
ACIO Aptus Collared Income Opportunity ETF 52.9 79 -59 5.2 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 52.8 25 -5 7.4 +1.6
HIPR Direxion High Growth ETF 52.0 40 -20 6.9 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 51.6 29 -9 7.7 +1.8
DSI iShares MSCI KLD 400 Social ETF 51.6 25 -5 5.1 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.9 9 11 6.2 +0.4
FQAL Fidelity Quality Factor ETF 50.9 29 -9 6.3 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 50.5 39 -19 7.4 +1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 49.8 19 1 6.8 +0.9
IUS Invesco Strategic US ETF 49.8 19 1 7.1 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 49.8 25 -5 7.4 +1.5
QQQ Invesco QQQ Trust 49.1 20 0 5.8 -0.1
NUSI Nationwide Risk-Managed Income ETF 49.1 68 -48 5.5 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 49.1 60 -40 5.5 -0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 49.1 60 -40 5.4 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.0 10 10 5.3 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 49.0 10 10 5.3 -0.6
IETC iShares Evolved U.S. Technology ETF 48.9 18 2 5.9 +0.1
ADME Aptus Drawdown Managed Equity ETF 48.8 79 -59 4.3 -1.5
QLC FlexShares US Quality Large Cap Index Fund 48.6 32 -12 6.0 +0.1
IGM iShares Expanded Tech Sector ETF 48.5 46 -26 5.3 -0.6
DGRO iShares Core Dividend Growth ETF 48.3 8 12 7.0 +1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 47.5 42 -22 6.0 +0.2
IWX iShares Russell Top 200 Value ETF 46.7 20 0 6.9 +1.0
SYG SPDR MFS Systematic Growth Equity ETF 46.3 60 -40 5.4 -0.5
JQUA JPMorgan U.S. Quality Factor ETF 46.2 12 8 5.7 -0.2
SFYF SoFi 50 ETF 46.0 29 -9 2.7 -3.2
FDMO Fidelity Momentum Factor ETF 45.5 29 -9 4.2 -1.7
VOOV Vanguard S&P 500 Value ETF 45.3 10 10 7.4 +1.6
MGV Vanguard Mega Cap Value ETF 45.2 7 13 7.3 +1.4
EXT WisdomTree U.S. Total Earnings Fund 45.2 28 -8 6.1 +0.2
IVE iShares S&P 500 Value ETF 45.1 18 2 7.4 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 45.0 4 16 7.5 +1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares S&P 100 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.9 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.